The Longevity Loop Podcast
Hey, I'm Brent Wallace, and it's exciting to share my podcast, The Longevity Loop, with folks who are interested in the topic of anti-aging and longevity science who, at the same time, are dedicated to growing their longevity-focused business, whether that be a brick and mortar clinic or an eCommerce endeavor. I'm 100% all in on helping people who run clinics and businesses that focus on helping folks live longer and healthier lives. It's my mission to help spread the word about living longer and helping others live healthier lives.
In each episode, I chat with bright people who know a ton about living longer and staying young while also knowing how to operate a profitable business.
We talk about health spans and the technologies behind them while also digging into how they get more customers for their businesses and what tricks have worked best for them.
I hope that you, the listener, love listening to all the valuable knowledge of what others are doing in today's longevity economy, hearing about what's working for these experts, and where they might need a little help. It's like getting the inside scoop on running a successful anti-aging business while learning some excellent tips for living a longer, healthier life.
If you're into staying young and healthy, or if you've got a business that helps people do that, you'll love this podcast. We keep things simple and fun, so you don't need to be a scientist to understand what we're talking about.
Join us and learn how to live longer and grow your business simultaneously!
The Longevity Loop Podcast
Your Money Must Last as Long as Your Life Does
Financial advisor Kyle Bland explains how aligning finances with health span is essential for longevity enthusiasts seeking independence in later life. Traditional retirement models fail to account for people living well into their hundreds, requiring new financial strategies that complement health investments.
• Living to 100+ requires financial planning that's rarely discussed in longevity circles
• Most retirement models are built for a maximum 30-year retirement, not 40-50 years
• Longevity expenses like advanced diagnostics, wearables, and functional healthcare aren't covered by insurance
• Health and wealth create either virtuous or vicious cycles – financial stress impacts health while poor health strains finances
• Having meaningful goals gives direction to both financial planning and longevity pursuits
• Work "optionality" rather than traditional retirement allows for purpose while maintaining financial independence
• Kyle partners with trainers, nutritionists, and longevity clinics to create integrated health-wealth plans
• Financial literacy maintains control over resources as circumstances change
• Health and vitality are becoming the new status symbols, replacing material possessions
• Resources include Bogleheads Forum and "Your Money or Your Life" by Vicki Robin
Ready to attract more clients who care about living longer and better? Book your no-cost strategy session now at www.longevityclinicmarketing.com and discover how to grow your longevity practice. While you're elevating your clinic, be sure to follow SPANNR for cutting-edge longevity insights at www.spannr.com.
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This is the Longevity Loop podcast, and I'm your host, brent Wallace. In every episode, I bring you the leading voices in longevity, plus my own insights, to put the world's best strategies directly into your hands, making elite longevity strategies accessible to everyone, regardless of your background. So let's jump into the loop, starting right now.
Speaker 2:Hey everyone, welcome to the Longevity Good podcast. In this week's episode I'm super excited, a little bit different of a podcast episode than what you might be used to as far as kind of the nuts and bolts of living a long life. But today I'm joined by Kyle Bland, and he is a financial advisor who helps people really protect the independence of their long life, right, and so what Kyle focuses on is aligning your finances with your health span, which is a very unique angle. I haven't really heard too many financial advisors talk about this, and so when me and Kyle first met and talked, he was explaining how a new school type of financial advisor is needed for the longevity community, because living to, you know, into your hundreds and beyond is going to take a completely different financial approach than what we've been programmed to kind of accept. As you know, americans, and probably worldwide too, you know it's like, hey, you retire and you're going to, you know, you know, maybe be done with your life, maybe in your 70s or you know, if you look at average lifespans, that's something that you know it doesn't really take into account into that. I thought this conversation that we're about to have is super appropriate for y'all listening that are interested in longevity, because it really does take a financial plan to complement your health going forward, because that's a big part of it that's not ever really talked about and I've never heard until I met Kyle anyone really talk about it like that.
Speaker 2:So, kyle, welcome to the show. And also I want to say we'll probably won't delve into like medical advice or anything like that, because this is a different topic. Kyle is a licensed financial advisor and planner, so anything that he does can be constituted as financial advice and obviously get in touch with Kyle for any of that stuff. But if we do touch on anything medical related or longevity related, anything like this, I'm not a doctor, kyle's not a doctor. Nothing said on this podcast is supposed to be construed as medical advice. Go see a licensed physician, your physician, to get any feedback, tips, actionable advice on any health matters that we might talk about. So just want to say that as a disclaimer anything we talk about health-wise, it's not advice, it's just our personal opinion. So, with that said, kyle, welcome to the show.
Speaker 3:Hey, thanks, brent, I appreciate you having me on.
Speaker 2:Great. So let's talk about the first thing that you know. Like I said in my semi-long-winded intro here, longevity is a financial problem and when we first talked, you made some great points about there's the wealth and finances part of living a long life, and I never really thought about it, and once we were talking about it, and the more I thought about it, I'm like, wow, that is a very relevant topic that is not talked about very often, either by financial advisors or by anyone in the longevity industry in general. So yeah, so tell me about the ins and outs of living a long life while being financially prosperous.
Speaker 3:Absolutely yeah. And I think you know, once I entered into this industry, there was always a lot of talk about how long people are going to live and the assumption and I feel like in the financial industry is, you know, hey, 75, 80, that's what a lot of the models were built on. All these retirement models like, hey, you're going to retire at. You know, social Security is like what? 67 now and live life expectancies I think 80 now the mean life expectancy. But for people listening, you know they're more intentional and you know they have aspirations to live longer, and so I help people like you or like your listeners, help them focus on how well they'll live and not just how long they'll live, and I really think that changes the conversation.
Speaker 3:I've always been interested in finance. I was an engineer, but there was a lot of financial cross collaboration in my previous career and for me, what really hits home with this is seeing my grandfather. Right, I'm sure a lot of your listeners will have a similar story. I called him Pop he. Unfortunately, in the early 90s he had a stroke and it was my grandmother. She was sleeping, he was, you know, up late watching golf late at night and just, you know, with a stroke.
Speaker 3:Every second counts, is what I'm told and so it just totally obliterated his brain and his ability to do things and was essentially a vegetable for the next 20 years and loved to golf you know, just a very you know and still retained his humor and he couldn't talk, he really couldn't.
Speaker 3:He couldn't use the right side of his body, but I just think about that and it's like he had to live on in a government facility during the last years of his life, and so it's just like man, you know, we he didn't have as much as the tools that that our generation has now, you know with and a lot of the awareness and the research right, like getting blood tests done and and staying on top of things and how to generally live a healthier life, and so, yeah, that's what. That's what's really got me passionate about, you know, as, as Peter Adia says, it's the health span component, living, living better for longer, and so, certainly, you know, health is part of that, but but there's also the other side of that coin, like you say, is is wealth, and that's that's the side that I help people out with.
Speaker 2:Yeah, Like I mean, coming into this conversation, I had all these blind spots, right. That that is, you know, it just didn't even occur to me. I was like, hey, ok, I have a financial plan for my life, but there's a lot of blind spots with just living an additional, say, 20 years, which I think is a pretty fair assumption of most people listening is they're pretty optimistic about making it to 100. And all the science points in that direction taking of your body mentally, physically, emotionally. But then there's the financial component, which should be like the fifth. You know, like you're talking about peter, dr pierre adia, and it's his book. You know he talks about the fourth, the fourth kind of newer one, which is your mental health, which is kind of like, oh yeah, of course, you know, like everyone kind of like, turn on to that after focusing on just the physical. You know the physical and nutritional, sleep, those type of things. But now I feel like there's like the fifth pillar, which is super, super relevant, and that's what we're talking about today, which is the financial part of that, and that's that's just as big.
Speaker 2:Because if you, longevity is expensive and I'm sure we'll kind of get into that a little bit here, rising healthcare costs, all those things, and so it's something that really needs to be looked at in a serious manner, because it's also something that you know your standard healthcare is not going to be covering these longevity things, and you know as anyone listening knows if you have any experience in longevity medicine or actively trying to do that a lot of these things aren't covered.
Speaker 2:You know, like the blood tests that you mentioned that are so easily available now, the blood test that a standard physician will give you is so thin on actual, like data, whereas when you actually go to a longevity physician or, say, a functional health practitioner or something, your blood panel is going to be so much more complex and in-depth. The narrower you know, just the narrowest of what's acceptable is just so much more narrow, and so it's just a completely different mindset. What are some other blind spots that people might have when it comes to, you know, thinking, hey, I'm going to live to 100 and beyond healthily, but there's some blind spots involved here.
Speaker 3:Yeah, you know, like you say, yeah, there's common blind spots rising healthcare costs, cognitive decline planning.
Speaker 3:People could potentially make multiple moves, downsizing even to assisted living, maybe in their later years.
Speaker 3:There's Medicare premiums, out-of-pocket costs like dental right that's not even covered usually with Medicare Vision, and not to mention all these other things that you're talking about, like functional healthcare, doctors, concierge care right, extended blood panels, these, all these wearables that are coming out and the technology is improving and you know, certainly I think a lot of them are worth it, but they certainly aren't very cheap.
Speaker 3:And, like I mentioned before, you know all these financial retirement models they were modeled for, you know, maybe a max 30 year retirement, but now with, even with the financial independence movement, if you've heard of it, people wanting to, you know, maybe have work optionality earlier on in life and in addition with wanting to live to 100, that just that puts a lot of pressure on those outdated models. And so that's really my, my push is to raise awareness around that and help people understand and develop some new models that people can run with for, you know, a 40-year retirement I don't like using that word but 40-year work optionality or really just giving them the tools to help them live better, live more on their own terms and certainly longer, by partnering with. You know these functional healthcare doctors and concierge clinics.
Speaker 2:Yeah, I think what you're talking about is the FIRE movement financial independence, retire early, right, and like the 4% rule. People like Mr Money Mustache, other online people, talk about that. You know where they retire, like in their 30s and then, based on their savings, giving back. I don't know. What do you think about that model as far as I mean, obviously you know we're talking about work optionality here, which I like that term instead of like retiring, because retiring a lot of times sounds like you're just sitting around like fiddling your thumbs, whereas you know work optionality is a lot more empowering statement there. With the financial independence, retire early. You know you could delay that to say 50 and whatever. What do you think about the 4% rule and seeing the bad nature where you're building up the stockpile but then kind of living off your investments as far as them increasing in value, say, if it's rental properties or whatever those types of things are?
Speaker 3:Yeah, that's a great question. I think of the, you know, 4% rule as a stool on the income leg, so to speak. So, like you said, you know there's other ways of generating income rental properties, online ventures, maybe side hustles Really it's and I can help people navigate that. But I think you know and maybe Peter Adia touched on this in his book but I feel like a huge part of longevity is having something to retire to or something that you're moving to, right and so, instead of just sitting around the house playing golf like what, what a lot of people might envision retirement as being, I encourage people to, you know, never stop being productive. Maybe I should say that. I mean, you know, never stop having a goal, having something that gets you up as serving your community in the world each day, and I think that's a really big part of the psychological part of living longer and longevity. But to answer your question, yeah, I mean it's totally valid.
Speaker 3:You know a lot of people. Hey, maybe you're a tech guy and you a tech engineer and you got a bunch of stock options and they hit it big and that's great and all, but for a lot of people, or maybe you won the lottery and you're able to retire at 30. But for a lot of people, it's more of a plan Like how much you making and how much are you saving. Well, it's more of a plan like how much you make in and how much are you saving. Let's let's project you know, what you know, let's make different assumptions and get you you know, put together a plan that incorporates your desired lifestyle, along with, and then also incorporating all the actions that that you'd be taking to extend your life, life or health span in your lifespan.
Speaker 2:Yeah, that's a big part of it, right, that's. You know, goal setting, like you said, is like you're waking up to something. You know me and my wife set goals every year and you know we have our one year goals, we have our quarterly goals, we have a five year goals and we have our 10 years and beyond goals. And that's a big part of it is finances. You know that we do plan around with that and it's funny and maybe it's because we're still on the younger side of the spectrum but really we haven't really talked about in our savings and financial planning goals, goal setting like that haven't really talked about what does health care look like?
Speaker 2:And you know the increased medical cost and I and I think maybe that's an easy thing to do for for someone like me who's healthy and you're like, oh yeah, whatever, you know, you just kind of assume that you're never gonna get sick and that's an easy thing to do for someone like me who's healthy and you're like, oh yeah, whatever, you know, you just kind of assume that you're never gonna get sick and that's just not the reality of things. Yeah, you know, just after talking with you, it's just like, hey, we have to incorporate that into our long-term goal vision and planning. Because that is something you know, just like, just supplements like I spend so much money on supplements, it's ridiculous. And then when you add in the additional expense of a longevity doctor and some of the prescriptions and peptides and hormones and all that stuff, you're just like whoa, it is really a big lift financially. That one thing. That.
Speaker 2:I hope is that longevity will become a lot more accessible in the future, and I've talked to a lot of people big lift financially. One thing that I hope is that longevity will become a lot more accessible in the future, and I've talked to a lot of people that are trying to make that happen, but also really planning for it, because if it doesn't, or we just don't, we just don't know, we don't know, obviously making a plan around this. And this is obviously where someone like yourself comes in, because you've probably already thought about this and have the models based around the longevity side of things, whereas other people are just like well, you know, it's like more like focusing on, like you know, the sick care type of.
Speaker 3:Thing and those things from there and yeah, definitely, and I that's what I like to do when I meet with clients is create budget categories for longevity investments, so, so to speak. So, like you know, thinking of it as a health span kind of return on investment. And, like you said, like a lot of the you know, sick care healthcare industry as it stands, they don't, they don't pay for a lot of this stuff. You're paying a ton in premiums each month but, like I just got an LPA test and a APOB, so it's part of the straw panel and it's like try to run it through insurance. I mean they're pretty relatively cheap, but I mean they were like, hey, this is investigational, right, this isn't medically necessary, and so it really, you know, underscored and helped me realize that hey, like this needs to be a completely separate budget category, separate budget category.
Speaker 2:Yeah, yeah, I mean, I just literally this week got my blood panel work done and yeah, there's so many add-ons. You know, like you said about the ApoB, some of the cholesterol panels I had, I just, you know, just some brain ones I forget actually all of them, but yeah, they're just all add-on. You know like, yeah, it's only 60 bucks, 70 bucks, 80 bucks here, but you know, I get tested three times a year and it's like that adds up and that's really expensive. And it's not just the 60 bucks, it's the 60 bucks just for the ApoB test. And then there's also the man I forget the other ones that I added in a thyroid panel. You know, like, just because I've been paying a lot of attention to thyroid health lately, and it's just like, yeah, it just stacks up, stacks up.
Speaker 2:So we briefly mentioned, you know, this planning takes a completely different advisor. And you know, and like I playfully said, the new school, you know, financial advisor there. I don't know if that's necessarily an accurate or appropriate term for that, but it's someone that has to think about this differently, right? Like you said, the models are based on 20, maybe 30 year type of retirements where, like, what you're planning is the work optionality option for, you know, 40 plus years, even years even. Tell me more about this new kind of advisor that a longevity enthusiast, someone like me, someone like you, someone like our listeners, might need to talk to, versus just a standard run of the mill financial advisor.
Speaker 3:Yeah, totally, and I would say that that is a good. I'll take that on. I'm the new school advisor, yeah, so I think clients need clarity, right, they need clarity about where they stand, where they're going. They need strategies that are informed by their health profile so that whatever they're working they're accumulating the resources can match their desires and that they can stay active in their later years and stay independent as well. And so I think it's pretty serendipitous that you know this seems like the longevity movement's starting to really kick off over the past few years, and I think it's never been a better time to incorporate the two.
Speaker 3:You know an old school kind of financial advising. You know mentality or industry, and then, with this, you know an old school kind of financial advising. You know mentality or industry, and then, with this, you know emerging very beneficial, you know, market here. So, yeah, I think it's a great time for that and I think you know we need to plan for, you know, decades of work, optionality that can. That includes different things, like you know maybe caregiving for, maybe older parents even, or travel, obviously, a lot of people dream about traveling when they retire and even you know, like reinventing yourself, a lot of people. You know, I know, as an engineer I started off that in my career, but it's like I just picked that path for so many years and now that I have, you know, some work optionality and some breathing room, I've been able to kind of reinvent myself. And so helping people plan for that when they, when they leave work, you know, I think is important and is an important part of the mental aspect, as you were saying, the psychological, emotional aspect of longevity.
Speaker 2:Yeah, also, you mentioned something you know before we went live here on the podcast. But talking about clients, you know, in the different stages of, say, their longevity journey right and say you're going to start in the 70s, 80s, 90s, you brought up an important point not fear mongering. You know how do you approach that. I always feel like there's so much fear mongering when it comes to like, oh, you're not going to have enough or you're going to be sick, or you know these things that people talk about and you hear about all the time. You know those words like this is something that's a really positive and something that should give people a lot of hope and joy and excitement around versus being scared of their future. How do you bridge that Kind of it seems that most of the industry is more fear-mongering based than you know kind of positive or goal setting? You know, I mean that's a huge part of it, I'm sure is the goal setting, but how do you bridge that?
Speaker 3:Yeah, well, and you touched on it, the goal setting, like my philosophy, is that this stuff doesn't just happen right. Like my philosophy is that this stuff doesn't just happen right, like you don't arrive at, you know, 80 or whatever you know, going on a safari with your grandkids at 80 or 75. It's the there's a process that happened, that started decades prior and there's a lot of consistency around that, and so I help clients identify what they most want to preserve. A lot of times I hear it's independence, you know, choice, meaningful experiences, and so we take that like, okay, we have the dream, right, and so we have the vision. Work backwards from that.
Speaker 3:You know, obviously I'm not a medical professional, I kind of I outsource that to my partners. But as far as like, okay, well, what's it? You know, obviously I'm not a medical professional, I kind of outsource that to my partners. But as far as like, okay, well, what's it? You know, I have one client, yeah, he wanted to go on a safari at 75, 80. It's like, okay, cool, he, the guy was like 40. And so, okay, well, what needs to happen?
Speaker 3:You know, talk to my partners. Okay, you need a VO2 max, right, you need a certain VO2 max to be able to hike around joint integrity and cognitive stability, right. And then you know you need the financial strength. He wanted to take his three grandkids on it and it's like, okay, well, let's look at that, like, what does that cost? What's the airfare? And you know just, and that's one aspect of his overall financial picture, or one component of you know just, and that's and that's one aspect of his overall financial picture, or one component of you know, the picture that he wants his financial life to look like at 75 or 80, for example, he had he had other, you know generational, you know planning things that he wanted to do as well. But, yeah, I mean that that that was a fun one. So, really, to answer your question, instead of fear mongering, just help them identify a vision, right for an, a goal and a dream, and work backwards.
Speaker 2:Yeah, so how does financial literacy work into that?
Speaker 2:You know, like, what you're talking about is having full autonomy into your later life. So I mean, this client clearly has a lot of foresight and he, you know, 20, 30, 40 years down the road, which is incredibly cool, and obviously I'm sure he has smaller, more chunked down goals than that. But you know, obviously financial literacy it's just like health literacy or, you know, emotional literacy or anything like that. That's a really big part of that autonomous future, because you don't want to be in a retirement home, you don't want to be, you know, on assisted living or anything. You want to have a full life that you're in control of and obviously this particular client is very much in control of that by playing so far ahead. How does that work into, you know, with your method of looking at things like financial literacy? Um, you know how does that work into, you know, the clients really knowing what they want? And I'm not familiar with the question very well here, but I think you understand a little bit of where am I going with this question.
Speaker 3:Yeah, totally, autonomy in life depends on, and later in life especially depends on, choices, and choices require resources, right, we talk about work optionality. Well, you know, a lot of times that requires you know a certain level of of wealth. You know and you don't have. You don't have to be a multimillionaire to be able to do that, but, but it does require a certain baseline. Financial literacy is a skillset that keeps you in control of those resources as as circumstances change.
Speaker 3:You know what if something happens to. You know healthcare. You know Medicare, social security in the future, you know whatever happens maybe not even politically, whatever if something happens to. You know the market, you know the market fluctuates quite a bit. But just knowing you know, having financial literacy, knowing what your risk tolerance is, what your goals are, that will keep you grounded, in control as all these different circumstances change. And so, and just like my grandfather, who you know, he had to go into a government facility for the past, for the last few years of his life, it's like there's defaults that you know, there's systems and processes in place that you know those systems may not reflect your values, right, so it really keeps you in control, living authentically with your values as well. Better decisions. You know you have financial literacy creates better decisions, more resilient resources and then that can sustain independence and options and flexibility.
Speaker 2:Yeah, and that leads me to the kind of another part of this is that that whole picture that you just painted financial literacy. It leads to less stress and we all know stress is a killer like we don't. We don't want stress in our life. We want less stress and one of the biggest things as causes of stress is wealth, money, right paying the bills or not having enough. So you know, when we talk about health and wealth, like you say, it's two sides of the same coin and we could talk about, you know, like that stress, like that, is 100% a factor in your health. You know, keeping stress levels, making sure that those are that, and then having a plan keeping stress levels, making sure that those are that, and then having a plan, having the goals that you talk about, that's just going to be a huge component to nobody ever is going to look forward to a future with limited resources. That's going to create huge amounts of stress and probably more stress as you get older If you don't get this part of your longevity strategy figured out.
Speaker 2:I guess I'm answering my own question here, but it's like you know, it's never too late to start, but also start early, just like longevity is exactly the same thing. You know, like if you start in your 20s you're gonna be so much further ahead than someone starting in their 60s, but it doesn't mean that when you're in your 60s you shouldn't start. You know and and I don't know what your thoughts kind of on that where all those things are so intermeshed as far as health and wealth and stress, and you know that future, that future weight of the financial responsibilities you're going to have yeah.
Speaker 3:So I mean, yeah, chronic financial stress triggers the same physiological responses as other stressors.
Speaker 3:Right, you got cortisol, disrupted sleep, more inflammation, and that can, like you know, that, can you know, contribute to cardiovascular disease.
Speaker 3:You know a lot of emotional problem, depression, immune suppression, all that stuff and so. But then, like you say, it's really is a coin, right, or a Venn diagram, right, there's just so much overlap in longevity and financial planning, but on the other side of that there's declining physical health. Can you know, reduce earning capacity increases, unplanned medical expenses, and it's just a feedback loop, right, it's just this negative feedback loop where one stress in one area, it's going to accelerate strain and stress in the other, and so, really, you know, helping clients break out of that cycle and getting them on a more, you know, virtuous, virtuous cycle, virtuous upward cycle because it compounds, right, like you said, you know, if you start in your 20s, if you start earlier, there's just more time for it to compound healthy habits earlier on. And it doesn't have to be earlier on If someone's older, it's just starting and staying consistent with healthy habits. It really creates that. You know, like I say, virtuous.
Speaker 2:Yeah, well, it's funny, I didn't really think about it. I just was thinking about the one way the stress is bad through physicality If you don't have the physicality, but it also like reflects backwards. Actually, you know that less physical health caused by the stress of the finances it's actually going to cost you more money because it's costing you physical health, which is yeah, so it is a downward spiral or negative feedback leap, as he said. Talk a little bit about your team. I know you've mentioned your partners in. You know just a few minutes back, you know what's. You've assembled quite the team there. Tell me a little bit more about that team, why you're doing the collaboration with them and what that looks like for a client that would be working with you client that would be working with you.
Speaker 3:Yeah, totally. So I collaborate with the whole gamut, right. So I have personal trainers partnered with some gyms here in the area, nutritionists, even personal chefs, even nutrition's huge, it's quite a high value thing to do. But also with longevity clinics, different concierge clinics, and I think you know when we all have the same end goal is that you know we want our clients to have long-term again, autonomy, quality of life. But we're just approaching it from different angles and so you know, when a client's health is strong, the financial plans have more options and flexibility and then when the finances are strong, the client can afford a lot of these things. Like you know, whatever personal or meal prep chefs, you know personal trainers, these concierge, you know monthly pay, non-insurance, you know kind of arrangements, and then so we have cross-referrals and I think that ensures that clients get both. You know they have a more comprehensive care plan.
Speaker 2:That way both. You know they have a more comprehensive care plan. That way, yeah, it sounds really integrated and a lot simpler. Because that is another. I mean, longevity industry is vast and wide, but there's so much of that that I see is becoming less and less.
Speaker 2:But there's so much of that kind of cobbled together type of thing, because a lot of times, yeah, you do go to the doctor and you're like, well, you still need a primary care physician, so you have to go find your primary care physician, and then that primary care physician and longevity doctor might still be missing a component, like if you need I mean, I don't know, you know just another therapy that maybe neither of them offer.
Speaker 2:You know it's like going there and then there's the dental component, there's the nutrition component, the coaching component, there's so much stuff. So it sounds like you're really bringing all of that together to make it really a seamless, integrated concept for people to. You know, just kind of come to one place is like, hey, you do that and I can imagine too you know and correct me if I'm wrong here. But one thing that I can think of too is like people probably come to you just looking for financial services and then get kind of in on the longevity side of things and get introduced to that world, which I can imagine is a really cool thing too, because you're coming in you're just might not know about that and then, since you are partnered and integrated with all these other complimentary professionals, I mean that's a big deal.
Speaker 3:Yeah, yeah, thank you. Yeah, and a lot of people. You know there's very few financial advisors that position themselves as part of a client's health care team. You know we usually partner with CPAs, right, lawyers, state plan attorneys, and so yeah, there's. I just think that there's such a great niche and such a great opportunity here and to help, you know, we can focus on prevention right. We can. A lot of people only plan financially for after their health declines, but with all these partners we can really get ahead, get ahead of really. You know, again, prevent and you know how to prevention right. So start early and help them enjoy more more years later on in life.
Speaker 2:Yeah, yeah, totally. It makes so much sense for whatever reason. Just on this morning I, I, I wear a whoop band, you know, for like sleep scores and all that kind of stuff, and they just introduced something that is integrated into theirs and it and it just makes so much sense like integrating all these therapies and services that all contribute to the end effect of health span right and and long longevity. And they were partnering now with the whoop band, with lab work, so really is like, you know, like we're talking about apo b, so it's like, hey, your apo b is high, we've seen that your, you know, your, your stress level has been high or your sleep's been off. This contributes to that and I'm just like that's just so cool.
Speaker 2:I like I love that concept of kind of bridging two different aspects of, well, like you say, like the same coin, it's all the same coin, it's our life, and taking these things and integrating them together.
Speaker 2:So it just makes more sense because you can kind of plug it all together and just say, okay, cool, this is like, this totally makes sense and it just fits together, like Legos, where it's just like okay, this, you know, the financial part here integrates with, you know your sleep and stress, and then your you know workout and gym, you know works with this and this and how productive you are at work, and it's just this whole suite of tools and it's a navigating nightmare.
Speaker 2:You know to navigate all those tools. So, anyway, I just think that's really cool how you're approaching this. Again, not only are you an advisor, that's, you know, helping people like financially, but also bringing the services that can complement that. You know, the financial part of a long financial future. I guess you call it longevity and finances I don't know exactly what term that would be he might have a better term than what I'm trying to say now but basically matching up with the lifespan, the health span of it and just, you know, bringing all those together. So I just think that's a really neat type of system that you got going.
Speaker 3:Yeah, no, it's interesting you bring that up, I envision, you know, even you know I would love to work with someone I haven't yet, but you know someone who brings maybe you know blood work or tests that show, hey, maybe they have an elevated risk of Alzheimer's later on in life, and so it's like okay, man, like okay, we're going to do all that we can to prevent that and, to you know, save that off. But the risk is still there. And so right, and that's what I deal with in my line of work. Like you know, there's inherent risks and you know investing and in the markets and a lot in the finance side. But how do we, how do we merge that with health, you know, healthcare risk, and so planning maybe for some like long-term care insurance. With that I mean all these. What I'm saying is, all these tools are, you know, it helps us, it helps us be prepared too on the finance side, and all these different preventative measures, different preventative measures.
Speaker 2:So let's address something that's again all related to this. But planning for the future isn't something that we're natively good at. Right, because there's something about just like living in the now and then hey, this is tomorrow's things but like projecting out, you know, like your client, you know, 30, 40 years in advance, that's not the status quo or the norm. For people, the future just doesn't feel real. Sometimes. You know, you, can you just work from day to day. Why don't people plan for that? You know, I mean not only from the longevity side, but the financial side, obviously, that we're talking about here. I feel so many people live their life and then all of a sudden it's like, oh, wow, like didn't plan for that, and and then it's. You know, too little, too late a lot of times.
Speaker 3:Yeah, no, that's an interesting question, I think. I mean there are several reasons, I think the strongest one there's a. There's a psychological distance, right Like the older self. That's a stranger right Like I remember back when you're 15 or whatever.
Speaker 3:You think I'm 35 now and it's like man, that guy's, that guy's so old Like I can't even it's just another person, quote, unquote, and so that connection is so weak that, you know, I feel like people prioritize these short-term, short-term needs. There's there's a lack of urgency in that and, and these short-term needs and rewards are always more urgent than you know, what is 75-year-old Brent? You know 75-year-old Kyle, what's that guy going to want and need? You know, I think there's this cultural framing around retirement is just like, and really the marketing around retirement it's just so outdated and just so misinformed and misconstrued.
Speaker 3:You know, people think of it as okay, that's the age of 65 to 75. And that's the golden decade. And then, in reality, you know, a lot of times it isn't first of all and then, but it but it is also evolving us into this multi phase period of life that could last, you know, 30, 35, 40 years even, and I think you touched on it earlier. It's like there's this optimism bias. People, I think, overestimate a lot of times how healthy, self-sufficient they'll be later on in life, and it just downplays the need for consistent, daily, consistent efforts and systems in place that people need to start taking earlier on in life with their finances or even with their health stretching, working out cardio, lifting weights and then also investing consistently in the market or investing consistently saving, putting together a budget, all these little consistent things that need to be done in order to arrive at the future at 75, with you know the options and the lifestyle that someone wants. Yeah um?
Speaker 2:are there any tools to use to kind of bridge those gaps um between you know like what would be some tricks, even like tool trips, tools tricks, tips. You know like what would be some tricks, even like tool trips, tools tricks tips, tricks of the trade.
Speaker 3:Yeah, I like to do longevity adjusted cash flow models. So we're, you know we're modeling income for 30 or 40 years, right? And so you mentioned the 4% rule earlier. You know, standard advice is, you know, take roughly 4% of your portfolio every year and you'll never run out of money, but that a lot of that starts to break down in, you know, 40 years of retirement, 45 years of retirement. And so we just do different simulations, right, based on what kind of lifestyle do you want? You know what? What are you comfortable with, how much? And so we, and then we take that back to well, how much money do you need today? How much money do you need to be saving and investing consistently?
Speaker 3:You know, I like to again the advisory network, the integrated advisory network. We bring in different professionals that help them achieve that. And then I think, our biggest one of these I like to call them future check-ins, quote, unquote. We like to do it on an annual basis, but just revisit projections each year, you know, revisit goals and priorities. You know we look at what the market's doing and you know what their income expense. You know what, you know kind of phase of life they're in and you know we just like to stay top of mind. We do that annually, but also you know we're certainly available on a more consistent basis, so that it's just never so far away that it feels irrelevant yeah.
Speaker 2:Yeah, that makes sense. So you know talking about it as if it's in the now, or you know just the next step. You know just like, how do you eat an elephant? Just one bite at a time.
Speaker 3:Yeah.
Speaker 2:Because that is a big elephant, so to speak. That is a big elephant, so to speak. You know, even like with my marketing agency. You know I'm, as most people know, I own a marketing agency, longevity Clinic Marketing, that exclusively works with longevity professionals, longevity businesses, clinics, anti-aging, that kind of thing, and it kind of sounds like the same thing. And you know it's like okay, what's the end result here? It's like getting clients, okay. Well then, what are the steps to do that?
Speaker 2:And sometimes it's kind of like a it's a very esoteric concept, I mean, it's a concept that you know that you're gonna have to face. But like, what are the steps to get to that result of more clients? And you know there's a hundred different little steps that you have to take to reach that end goal of, say, you know, getting clients in the door and having a steady flow of leads. Or you know, in the case that we're talking now of really living a long life, being that financial independent, and it's just not the end result. It's all the little things that you do to get to that final picture there. And I can imagine, you know, because that's one thing I use with a lot of my clients is, like you know monthly check-ins and stuff like that, because you're making it real and you're showing the process along the way. And then you say, hey, look at all these little wins. This is all contributing to the bigger picture here of you know like.
Speaker 2:You know like wealth or you know, say, marketing dominance in the agency thing, but something to that effect, you know, like that just clicked with me and just like it's all the little things that make the end result real, instead of just a little bit esoteric is like how am I ever going to get there? Or it can feel overwhelming, I'm sure, for clients. You know so Completely. So what's coming next? With the longevity, optimized life, there's obviously the health span, the health of it, the longevity, living a long, healthy life. We've got the wealth of being financially free, autonomous autonomy. The goals, what's?
Speaker 3:Yeah, so clients are now, as I'm sure you're well aware, and your listeners, they're directing significant resources to optimizing health and but not just treating illness, right, I think we're entering into just a different era where you know, that's just the thing. It's just like health used to be treating illness, but now it's, you know, optimizing health, preventing illness, and so I think that means people are going to be spending a lot more on. You know, like, we talked about advanced diagnostics supplementations, concierge care tech, advanced diagnostics supplementations, concierge care tech, oura Ring right, you mentioned the Woot Band and that really changes the planning landscape for advisors. And so you know, I guess maybe in like, you know, the 50s or 60s and in a prior era, right, like status symbols were what cars, houses, whatever you know very materialistic.
Speaker 3:But I feel like maybe the new and this is I'm just hypothesizing here, but I think we're entering into a new time where you know new status symbols are going to be health, right, they're going to be, you know, being able to do 20 pull-ups or whatever you know being able to. You know, go, go, do things and be more active. And I think you know I'm a millennial and I think we're more aware of that as a generation, and so I do predict that you know that'll be the new status symbol, like I said, and so that's what's going to be top of mind. I feel like for a lot of people it's not going to be just planning for a house or, you know, a nice house or whatever, or vacations or whatever, a new car every other year. It's going to be planning for longevity and planning for, you know, all that goes into that.
Speaker 2:Yeah, yeah, for sure. I mean you hear about the professional in their 20s, 30s, 40s, 50s burning themselves out right the high stress or nutrition or workout activity metrics in the name of wealth. I mean, you know, I'm sure they're, you know they've got the cars and whatever. But yeah, like you said, the new metric, like I don't really care about that as long as I have a reliable car. I want to be riding mountain bikes with my grandchildren at 80, 90 years old or jumping on a longboard with them in Hawaii or whatever, being that active.
Speaker 2:Meanwhile, the person that may be focused not that I'm not focusing on the financial and working hard in this stage of my life, but also not really not at the expense of my health span, you know, just making sure that that is something that is very complimentary and it's integrated right, like we were talking about earlier, like all these things are integrated, so it's not just there's a work-life balance there, it's not just that. So really having that, you know that that's the new. You know, because anyone with money I'm sure anyone you know, especially with their sick would trade any amount of money if they've made that for, say, 10 years of health. Or you know some activists or you know they'll have, you know, vitality, sexual vitality, any of that like they'll trade the world for those type of things. So so you know, it's just a really interesting thing to hear you say like that, and I agree with that. You know that that is the new status symbol is health and longevity and vitality.
Speaker 2:And you know, and you see these people too, now that are older, you know I'll go to the gym or yoga or for a bike ride and you see the older folks out there just crushing it and you're like, oh, they're paying attention to this where. Then you know, you might go to the grocery store, some other place, and then you see you're like, oh, wow, that's the person that's the same age that I saw, you know, just passing me on their bicycle, you know in their 70s or 80s maybe. That you know. Then you see some of those in their 70s and 80s, maybe at some grocery store or something and you're like, wow, that's the same age person and they're drastically different. How they move, how they interact with the world, their brightness, you know it's all that stuff and so, yeah, I mean that's, that's definitely the new status symbol.
Speaker 3:Well, I think about too. For my generation, the millennials, it's like we. I feel like we were the first generation and correct me if I'm wrong but to really prioritize experiences. I was reading about that all throughout my 20s Like, oh yeah, the millennials, they prioritize experiences over stuff, right, but what do you? What does someone need to be able to enjoy experiences? Right? And so it's money and health. Yeah, Like you know, surfing with your grandkids in Hawaii or whatever that's requires both.
Speaker 2:Yeah, yeah, that's, that's just so true there. So, wrapping this up here, a couple little things. I mean, if you have anything more to add, you know. But I think we've covered pretty extensively the need for financial independence into the later years of life. You know, supporting that health spam goals of us and I think everyone's pretty aware of it, but a lot of times they just don't have the tools or the know-how or don't know how to start on it.
Speaker 2:Obviously, we're going to talk about getting in contact with you, but if someone's just listening to this now and they've maybe not paid as close attention to this aspect of their lives, what would you recommend to kind of get started? Is there any books, resources, ways to kind of start looking at this, maybe in a different way, and you know that they can just get in and start digging in immediately? Like, what would you tell someone that's listening to the podcast that might not reach out to you? Hopefully they will. Obviously, you've got an incredible amount of knowledge when it comes to all this stuff. But what if someone's just listening and they're like, well, I have no idea where to start or might even feel maybe embarrassed that they haven't started till now, maybe if they're, you know, maybe in their 30s, 40s, 50s, and haven't even thought about this. Like what? What are some ways and tools that someone could just start? Some actionable advice, actionable advice.
Speaker 3:Yeah, totally I. I really like the. It's called Bogleheads Forum, so it's how do you spell that? It's a, B, as in Bravo, Oscar, Golf, Lima, Echo Okay, Vogel Heads, and so it's a forum. It's great, very well moderated, but they discuss. They have a wiki which is like a you know get started kind of guide, but it's a forum and they discuss all kinds of topics. I feel like if you have any topic, any situation, it's probably been covered before. They've been around since 2007, I think, or 2006. And so that's a great resource your Money, your Life. From the financial side. It's a book. Who is that by?
Speaker 2:Is that the have the? You need a, you need a budget. Is it from that? Is that that sounds familiar? Your money, your life.
Speaker 3:But it's a book, it's from, it's by Vicki Robin, but it's, it's very, very easy to read, just very, very beginner friendly, and uh, I would, yeah, I would recommend those two. Okay, cool, yeah, that's some great resources.
Speaker 2:I've heard that YMYL many times before but I actually didn't realize it's a book. I just for some reason I had it confused, maybe with the you Need a YNAB guys, the you Need a Budget, all the Ys. But anyway, yeah, I'll have to check out that book, though that sounds like a great book. Um, you know, just to get into those things, what's what's next for you? Uh, where do you see the future of you going? Um, as far as with your wealth planning, how do people reach out to you? You have a website, phone number, social media. How would people contact you to just kind of discuss, maybe, if they want to discuss some goals and maybe some of the methods that we talked about today?
Speaker 3:Sure, so I have a question on this. Do I need to send the link to you? I work for a company, I'm under a firm, but I can. I do I need to send the link to you? It's I work for a company, I'm under a firm, but I'm technically my own, you know. We can put that in the show notes.
Speaker 2:What we can do is put that in the show notes. But if someone's just listening, say do you have an email address or what's your preferred way to get in for someone to get contact with you? If they're, they're listening or watching this.
Speaker 3:Gotcha? Okay, Thanks for that. So yeah, people can get in touch with me. My email is kyle at ffadvisor.
Speaker 2:Great Kyle, and that's kyle at ffadvisorcom, yes, and I'll put all that in the show notes as well. I mean we'll have those in there, but a lot of times if you're just listening to this and just kind of keep that top of mind. But this has been great, kyle, I really appreciate your time, that you've come on the podcast today and, yeah, and for anyone else you know, get in touch with Kyle, we'll have this transcribed into a blog post. I'll be posting it.
Speaker 2:This podcast now is in collaboration with Spanner S-P-A-N-N-Rcom, which is a longevity directory. So if you are looking for and I'm sure we'll have Kyle in there for under the financial planners, which sounds like a section that we need to add because we do not have that on our website now, but if you are ever looking for a functional medicine doctor, longevity specialist, any of these things, if you're looking for a cold plunge sauna, we have a whole directory of professionals and a lot of information on that website. So that's a great way to go. And again, I've mentioned longevityclinicmarketingcom. If you are a professional looking for marketing services in this realm of longevity, anti-aging, a look is up and otherwise, thanks for joining us here today on the longevity loop podcast and kyle. Thanks again, I really appreciate your time hey, thanks so much, brent.
Speaker 3:Good talking with you.
Speaker 2:All right cheers see ya, I ended it. I did the same thing to myself. I was like where'd he go? So, anyway, yeah, man, I I think that went really well. We covered a lot of ground there and, um, I guess next steps what we'll do is, uh, I'll send it to my editing team. I don't know what time it is, oh yeah. Yeah, we got time today, so. So I'll probably start editing it today and I'll be sharing with you the Google Drive with all the clips.
Speaker 2:So, once we edit the full podcast and I might have already explained this and I apologize if I'm repeating myself, but we're going to be uploading it to LinkedIn, as I think maybe we put it on Instagram. I'm not actually sure because I'm not the one that does that, but I know for sure LinkedIn and YouTube will be putting on the video, part of it, and then it'll be on Apple Podcasts, spotify, all those things. I'll be sharing the raw file with you through a Google Drive, so you'll get this complete video episode. You'll get all the social media clips that we'll be making, all like the YouTube shorts type of thing, each little.
Speaker 2:So this episode will probably have, like I don't know, five to eight different, just like shorts, you know just 30 second, one minute clips with just kind of the pointers. I'll share all those with you, any graphics, and then with linkedin I'll always tag you and you know so I'll like. Hey, kyle brand, you know I'll tag you on linkedin. I think we're friends there. If not, let's make sure to connect there, just so I can tag you in all the posts there.
Speaker 3:Okay, and then with the show notes.
Speaker 2:Friend request yeah I, I think we are too, but again, sometimes it just I forget. But anyway, I'll send you a friend request, if not, and then with the show notes, your email. If there's any other stuff, like a website or something you want to send, just send that over so I can put into the. You know, I can put that into the actual show notes when I put it on Spotify, apple Podcasts, all those things, so you'll have all the transcriptions and then I could put, like you know, your email address, like you said, ffadvisorcom. But also, if there's a website, any other resources that you want to point people to, just to make sure and include those and just send those over to an email in the next couple days.
Speaker 3:Okay, awesome. Hey, Brent, really appreciate it. Man, this is really smooth and I really enjoyed the conversation.
Speaker 2:Yeah, yeah, and it'll turn out super cool too. So just especially like I mean, yeah, I felt like it flowed really well, but also just when you get edited, it just flows really well. It's just like wow, I can't believe that it turned out that great. So, anyway, with the watermarks and everything, but anyway, Kyle, cool, Thanks for showing up. Definitely appreciate you reaching out and then, yeah, I'm sure we'll stay in touch and anything. If you know you ever got any questions or anything like that, and obviously, if I've got any financial questions, I'll be reaching out in your direction too.
Speaker 3:Yeah, I appreciate it, man. And yeah, if you do make a site or a filter for financial advisors on Spanard, just yeah, I mean I should.
Speaker 2:I mean it really is the fifth, you know, like I said, it's kind of like the fifth pillar there. It's like you, just it's been spoken pillar, but it's a very important part of it. So, yeah, um, we're gonna be redoing the website here pretty soon, but part of the problem with the website it's uh, it's a code-based php website and I don't know if you know anything about that stuff, but it's so. It's not like wordpress where it's like so easy to say. You know, I have to get our coder involved to go with that, so it's not like pulling teeth, but it's a lot more complex than just like adding page, unfortunately. So, anyway, but yeah, I'll definitely think about that as we redo the website, because that is something that is definitely a worthwhile topic to explore.
Speaker 3:I appreciate it. I hope this gets you a lot of views. But yeah, I'll look forward to keeping in touch, all right?
Speaker 2:Take care, Kyle Cheers.
Speaker 3:Bye.
Speaker 1:So you've just taken another step towards a longer, healthier life. Thanks for tuning in to the Longevity Loop. All resources and a full transcript from this episode are available at our longevity hub, Spannercom. Spanner is our hub for all things longevity from finding the best longevity doctor to work with in your area to breakthrough products and educational resources, and for the innovators, doctors and clinicians that are tuned in. Right now, I do help professionals like you get more patients with cutting edge AI, enhanced marketing and lead capture systems at longevityclinicmarketingcom. Be sure to follow the longevity loop on your favorite podcast app to continue building your blueprint for 100 plus year life. So let's keep the loop going. I'll see you next time.
